What is the stock price if the discount rate for the stock

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You expect a share of stock to pay dividends of $1.7, $2.5 and $2.6 in each of the next 3 years. You believe that dividends are projected to increase by 3.8 percent per year after that. What is the stock price if the discount rate for the stock is 12.3%?

Reference no: EM132516428

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